Energy Update
RIO DE JANEIRO, Feb 29 (Reuters) - A credit line of up to $10 billion from China's state development bank to Petrobras cuts the risk that Brazil's state-run oil company would need government assistance to pay for debt and investment in 2016, Banco Itau BBA said on Monday.
Feb 29 (Reuters) - Moody's Investors Service downgraded Seadrill Partners LLC's corporate family rating by three notches, reflecting continued deterioration of the offshore drilling market.
The Minnesota Public Utilities Commission gave its unanimous approval for the proposed Great Northern Transmission Line last week, largely clearing the way for the 500 kV connector that will allow for the import of Canadian hydroelectric power into the United States.
Hydropower has always been the largest renewable energy in terms of overall percentage of installed capacity but by 2018, it may no long hold that title.
Feb 29 (Reuters) - The resource-rich Canadian province of Saskatchewan said on Monday that its projected budget deficit would be larger than previously estimated, boosted by a drop in oil prices that trimmed government revenues.
NEW YORK, Feb 29 (Reuters) - U.S.
NEW YORK, Feb 29 (Reuters) - U.S. crude oil production fell for a third month in December due to declines in the biggest shale-producing states, suggesting the 19-month price rout has finally taken a toll on output, although the fall was offset by a rise offshore.
Feb 29 (Reuters) - The resource-rich Canadian province of Saskatchewan said on Monday that its projected deficit would be larger than previously estimated, inflated by a drop in oil prices that hit government revenues.
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